THE fans group which wants to buy Liverpool today challenged the club's American owners to put 'some real money' into Anfield and fend off potentially devastating debts over coming years.

The ShareLiverpoolFC group, which has announced ambitious plans for a Barcelona-style buyout at Anfield with supporters – or organised groups of them – each owning a stake in the club, has conducted its own analysis of Anfield’s finances.

The study comes in the wake of the recent credit crunch – blamed by Tom Hicks and George Gillett for their halting of plans to build a new stadium – and the global banking crisis.

It also follows calls this week by UEFA president Sepp Blatter for controls on the foreign ownership of football clubs, and comments by the FA chairman Lord Triesman and UEFA’s general secretary David Taylor, regarding the excessive debts held by Premier League clubs.

Share Liverpool’s founder Rogan Taylor, a lifelong Liverpool fan, says the probe has raised serious questions about the Reds financial stability, given its dependency on borrowed cash – and the need to find over £20m a year plus to service interest payments on loans lumped onto the books by the owners.

ShareLiverpoolFC is supported by Anfield legends including Phil Thompson, John Barnes and John Aldridge and also has established close working links with the fans union the Spirit of Shankly.

In a statement released today, it said: “Even if the current RBS loan is extended beyond Jan ‘09, under the current arrangement it will only be until July, 2009.

“With both American owners unable to raise money for the stadium, in today’s financial climate, can they raise more ‘real’, unleveraged money to restructure the loan and keep the club afloat?

“If the football bubble bursts, could the loans secured against LFC become sub prime and put the club at risk?

“Kop Football Ltd has to find £20m plus to service the debt of £245m.

“How will the debt be serviced?

“Can the owners assure us that Kop Football’s indebtedness is not to be serviced by the club? If it is, how can the club pay it?”

Said Dr Taylor: “This is not a comfortable position to be in at a time when the game’s regulators are calling for a reduction in debt and foreign ownership – not to mention the effects of the global credit crunch.

“Raising the required funds won’t be the issue once we have a deal in prospect.

“We’re confident we’ll be able to succeed. We are prepared to consider a partnership with any incoming buyer with the right attitude to the development of LFC going forward.

“After the experience with the current owners, it will be important for any new owner to ensure that they have the confidence of Liverpool fans.

“We call on the current owners to inject cash as capital to reduce the club’s debt.

“If they are unwilling or unable to do this, then they should move over and let others that can better serve the club take control.”

ShareLiverpoolFC’s long term objective is to gain control of the club. However, in the medium term, its strategy is to work with suitable new investors to help achieve a change of ownership, stabilise the club’s finances and represent the fans interests by acquiring a stake in the club.

ShareLiverpoolFC believes its participation in the future will assist with this.

It says its message to potential new owners of “their” club is: “Come and talk to us; you need the fans behind you and this is no ordinary club.

“We understand it and have the experience to help”.

The group is still urging supporters who wish to get involved in taking a stake in its planned fans buyout to contact them via their website - www.shareliverpoolfc.co.uk .

For a ShareLiverpoolFC commentary on the financial situation at the club, click here .